Mark Sheptoff Financial Planning LLC Trims Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mark Sheptoff Financial Planning LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,899 shares of the company’s stock after selling 530 shares during the period. PepsiCo accounts for about 3.7% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 5th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in PepsiCo were worth $6,979,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Collier Financial bought a new position in shares of PepsiCo in the 4th quarter worth $28,000. Legacy Investment Solutions LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $34,000. Finally, Human Investing LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $39,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Evercore ISI reduced their price target on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. Royal Bank of Canada assumed coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 target price on the stock. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.54 on Wednesday. The firm’s fifty day moving average price is $149.09 and its two-hundred day moving average price is $158.50. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $199.61 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.72%. PepsiCo’s dividend payout ratio is currently 77.99%.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.